subject: How Can I Keep My Car From Repossession? [print this page] A lot of people are having trouble paying their bills. When that happens you may end up getting a call from creditors, or a knock at the door from the repo man. If you are unable to pay your debts, creditors can and will take your car and other assets away from you. Is there any way to stop the repo man from knocking at your door?
It is easy to feel powerless when creditors are calling non-stop. A lot of people don't understand that a bankruptcy provides legal protection from creditors keeping the repo man away from your assets. How is that possible? What is bankruptcy? It is a federal law that gives families legal protection from creditors helping them with creditor card debt, protection from foreclosure, and an end to wage garnishments so they can get a fresh start.
I know you could be saying "James, I would love to stop the repo man from taking my car, but what if they already have?" If you make sure not to wait too long, a bankruptcy lawyer may be able to get your car back. Bankruptcy can also help you give up your car with less risk. What do I mean by a safe environment? You have to be careful about just letting creditors repossess your assets, because you could end up still owing money if you owe more than what the asset sells for. You may be able to end a deficiency balance in a bankruptcy.
One of the best decisions you can have could be bankruptcy. While it is possible to file bankruptcy by yourself, a great bankruptcy lawyer will be able to get your the most protection and keep more of your assets safe. There are a lot of exemptions and protections you may not know about that are available which a bankruptcy attorney can help you get.
A bankruptcy attorney can help you get a fresh start and a real clean slate with credit card debt help and creditor calls and possibly even provide you with protection from foreclosure. Always try to get as much information as possible on bankruptcy so you can get the best bankruptcy attorney around.
